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Trading of carbon permits under the Regional Greenhouse Gas Initiative rose 42 percent in the most recent trading session.

More than 40.612 million allowances were auctioned March 10, up from 28.591 million allowances sold Dec. 2.

This, the seventh such auction, brought a price of $2.07 for permits and $1.86 for futures. That compares to $2.05 for permits and $1.86 for futures in December, which was about 6 percent lower than the September auction, which netted $2.19 per ton.

To date, the auction has generated $582.38 million in proceeds. Ten states – Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island, and Vermont – participate in the auction.